The latest round of funding also saw participation from existing investors, the company said in a statement on Wednesday.

BookMyShow plans to fuel its expansion plans with the latest fund raising, it said.

Founded by Ashish Hemrajani, Parikshit Dar and Rajesh Balpande, BookMyShow last raised ₹550 crore in July 2016 from Stripes Group, Accel Partners, SAIF Partners and Network18 at a valuation of more than ₹3,000 crore.

Hemrajani, BookMyShow’s founder and chief executive, said TPG Growth would “bring with them extensive experience across the global media and entertainment sector, which will be instrumental as we look to accelerate our growth plans in this space.”

While movie tickets is core biz of BookMyShow, it is diversifying into sporting events, music events and plays-

“The strategic value that all our investors continue to provide us will also be of immense importance as we begin a new chapter of our standout story,” he said.

While the core business for BookMyShow remains movie tickets, the company has, in recent years, begun diversifying into categories such as sporting events, music events and plays. Last year, it acquired Burrp, a local restaurant recommendation engine, from Network18.

With a presence in over 650 towns and cities in India, serving the entertainment demands of over 25 million customers, BookMyShow has grown to become one of the largest transacting e-commerce platforms in the country with over 10 million tickets booked every month on its platform.

On 25 January, Mint first reported that the company was in advanced talks to raise around $50-60 million (approximately ₹320-380 crore) from TPG Growth.

“TPG Growth is committed to partnering with dynamic companies and entrepreneurs that are at the forefront of global media and entertainment,” said Bill McGlashan, TPG Growth’s founder and managing partner.

“Traditionally dominated by movies, India’s entertainment industry is rapidly changing and expanding, driven by factors such as rising income levels, growing consumer appetite, and higher internet usage,” said Akshay Tanna, investment professional at TPG Growth.